StockWatch
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Civil Construction
Board Meeting12 Aug 2026, 07:31 pm

Ashoka Metcast Board Approves Unaudited Results, Director Appointment

AI Summary

Ashoka Metcast Ltd's Board of Directors convened on August 12, 2026, approving the standalone and consolidated unaudited financial results for the quarter ended June 30, 2026. Key decisions included the appointment of Mrs. Jhanvi Vikas Sethi as Additional (Independent) Director for five years and Mr. Chandrakant Natubhai Chauhan as the new Chief Financial Officer. The board also approved the shifting of the registered office, reconstitution of key committees (Audit, Nomination & Remuneration, Stakeholders Relationship), and the conversion of promoter loans into equity shares up to ₹50 Crore, subject to shareholder approval. The 17th Annual General Meeting is scheduled for September 17, 2026, to be held via Video Conferencing.

Key Highlights

  • Unaudited financial results for Q1 FY27 approved.
  • New Additional (Independent) Director appointed.
  • New Chief Financial Officer appointed.
  • Registered office address to be shifted.
  • AGM scheduled for September 17, 2026.